Business, 31.05.2020 00:01, gl648809

On January 1, Kirk Corporation had total assets of $864,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $7,400, promising to pay cash for it in 60 days. Kirk Corporation purchased $3,640 of supplies for cash. Kirk Corporation sold land, which it had acquired 2 years ago. The land had cost $16,400 and it was sold for $16,400 cash. Kirk Corporation signed an agreement to rent additional storage space next month at a charge of $1,140 per month. What is the amount of total assets of Kirk Corporation at the end of the month

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On January 1, Kirk Corporation had total assets of $864,000. During the month, the following activit...